Mr. A sold a residential house for Rs. 20 lac in the year 2017-18, from the sales proceeds of
the house he has invested Rs. 4 lac in REC bonds and used Rs. 12 Lac for purchase of new
house. The value of acquisition of the house was Rs. 5 Lac in 2013-14. Determine the taxable
capital assets in this scenario. Do you think any exemption will be given to Mr. A in the capital
gain earned by him? Justify your answer and also explain in detail any 4 exemptions. allowed in
the case of capital gain tax.
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I don't understand it sorry for this
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Taxation is a topic of great depth and variation it is very useful in the commerce side.
But I am an engineering student.
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